In 2023, the European Seabass production in the UK’s capture fisheries stood at an undisclosed value. Forecasts project a steady increase, with the value rising from 12.72 Thousand Euros per Metric Ton in 2024 to 13.58 by 2028. Year-on-year, the value is expected to increase consistently: 1.73% from 2024 to 2025, 1.70% from 2025 to 2026, 1.60% from 2026 to 2027, and 1.57% from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year forecast period, starting in 2024, is approximately 1.65%.
Future trends to watch for include:
- Potential environmental and regulatory impacts influencing capture fisheries
- Technological advancements in sustainable fishing methods
- Market demand shifts possibly affecting pricing and profitability
